Cogent Treasury Solutions

Daily Reports 2025

Daily Market Trends

View the most up-to-date daily market trends below. Provided by ForexPeople.

FX DAILY REPORT

14 February 2025

The Rand opened stronger against the USD and weaker against the GBP & EUR this morning.

The Johannesburg Stock Exchange (JSE) reached a new all-time high yesterday, fuelled by Richemont SA’s strong rally. This momentum is likely to lend support to the ZAR…

FX DAILY REPORT

13 February 2025

The Rand opened weaker against all the majors this morning.

US CPI inflation results released yesterday afternoon came out higher than expected for all inflation figures. This caused the USD to strengthen as this will cause the Feds to…

FX DAILY REPORT

12 February 2025

The Rand opened weaker against all the majors this morning.

Jerome Powell testified yesterday, highlighting the overall strength of the U.S. economy and a robust labor market. He also noted that while inflation is easing, it remains above the 2%…

FX DAILY REPORT

11 February 2025

The Rand opened stronger against all the majors this morning.

Gold surged to a new all-time high of $2,942.00 early this morning but quickly retreated to its current level of $2,923.00. The elevated gold price is likely providing support for the ZAR…

FX DAILY REPORT

10 February 2025

The Rand opened weaker against all the majors this morning.

On Friday, President Trump officially ordered a halt to all funding to South Africa amid ongoing disputes over the Expropriation Act. Additionally, he announced support for…

FX DAILY REPORT

07 February 2025

The Rand opened stronger against all the majors this morning.

The big market movers for today will be all the US labour market data being released this afternoon, especially the Nonfarm payrolls report. Nonfarm Payrolls is expected to come…

FX DAILY REPORT

06 February 2025

The Rand opened stronger against all the majors this morning.

Gold reached a new all-time high of $2,880.00 yesterday, driven by heightened risk aversion among investors seeking safe-haven assets. This surge in gold prices is likely supporting the…

FX DAILY REPORT

05 February 2025

The Rand opened stronger against the USD and marginally weaker against the GBP & EUR this morning.

US JOLTS Job Openings came out lower than anticipated yesterday, at 7.600M compared to the expected 8.010M. This likely caused the…

FX DAILY REPORT

04 February 2025

The Rand opened weaker against the GBP and stronger against the USD & EUR this morning.

In response to former President Donald Trump’s comments on South Africa’s Expropriation Bill, President Cyril Ramaphosa has agreed to engage with Trump to foster a better…

FX DAILY REPORT

03 February 2025

The Rand opened weaker against all the majors this morning.

The return of loadshedding, announced on Friday, led to a weakening of the ZAR against all major currencies. The latest update confirmed a return to Level 4 loadshedding…

FX DAILY REPORT

31 January 2025

The Rand opened stronger against the EUR and weaker against the GBP & USD this morning.

The South African Reserve Bank and the European Central Bank both reduced interest rates by 25 basis points yesterday afternoon. Since these cuts were already anticipated…

FX DAILY REPORT

30 January 2025

The Rand opened stronger against all the majors this morning.

Yesterday evening, the US Feds held interest rates steady at 4.50% as expected. During the FOMC press conference, officials acknowledged that while economic growth and the labour…

FX DAILY REPORT

29 January 2025

The Rand opened stronger against all the majors this morning.

All eyes will be on the US Feds interest rate decision and FOMC press conference this evening. Markets widely expect the Fed to keep rates unchanged, with the CME FedWatch…

FX DAILY REPORT

28 January 2025

The Rand opened significantly weaker against all the majors this morning.

China has unveiled a new AI model called DeepSeek, which is competing with top-tier models like ChatGPT. Remarkably, DeepSeek achieves comparable results while using…

FX DAILY REPORT

27 January 2025

The Rand opened stronger against the USD and weaker against the GBP & EUR this morning.

President Trump recently stated that he would prefer not to impose tariffs on China. This improved risk sentiment, leading to a stronger ZAR. As China is South Africa’s largest trading…

FX DAILY REPORT

24 January 2025

The Rand opened weaker against all the majors this morning.

President Trump stated yesterday, “With oil prices going down, I’ll demand the US Federal Reserve to cut interest rates immediately, and likewise, they should be dropping all over the…

FX DAILY REPORT

23 January 2025

The Rand opened stronger against all the majors this morning.

South Africa’s CPI inflation and retail sales data, released yesterday, revealed encouraging economic trends. Consumer Price Index (CPI) inflation rose by 3.0% year-on-year, slightly…

FX DAILY REPORT

22 January 2025

The Rand opened stronger against the USD and weaker against the EUR & GBP this morning.

The USD’s gains remain subdued amid trade uncertainty, driven by President Trump’s consideration of imposing 25% tariffs on imports from Canada and Mexico by February…

FX DAILY REPORT

21 January 2025

The Rand opened stronger against the USD and weaker against the EUR & GBP this morning.

Trump’s inauguration speech outlined several plans and policies, with a significant focus on economic measures, particularly trade tariffs. Among the key announcements was the threat…

FX DAILY REPORT

20 January 2025

The Rand opened stronger against all the majors this morning.

Today marks the inauguration of Donald Trump as President. While it is a USD holiday due to Martin Luther King Jr. Day, the currency could experience significant volatility based on any…

FX DAILY REPORT

17 January 2025

The Rand opened weaker against all the majors this morning.

Uncertainty surrounding the Trump administration’s new policies has tempered expectations for a Federal Reserve rate cut, despite easing U.S. inflation reflected in the…

FX DAILY REPORT

16 January 2025

The Rand opened stronger against all the majors this morning for the 3rd consecutive day.

UK CPI inflation increased by 0.3% month-on-month and 2.5% year-on-year, falling slightly short of expectations. Core CPI also saw a more significant decline than anticipated…

FX DAILY REPORT

15 January 2025

The Rand opened stronger against all the majors this morning.

The USD weakened yesterday afternoon following the release of Producer Price Index (PPI) data. The monthly PPI growth came in at 0.2%, below the expected 0.4%. As PPI often…

FX DAILY REPORT

14 January 2025

The Rand opened stronger than all the majors this morning.

We can expect the USD to remain strong leading up to Donald Trumps inauguration and could strengthen further as Trump implements new policies to strengthen the US economy…

FX DAILY REPORT

13 January 2025

The Rand weakened significantly against all the majors this morning.

The USD is currently at a 10-month high against the ZAR, propelled by investor confidence in Donald Trump as we inch closer to the 20th of January when he will be sworn in as President…